Parabellum Acquisition Corp. (PRBM.U) Prices $125M IPO


Parabellum Acquisition Corp. (PRBM.U) Prices $125M IPO

Sep 27, 2021 IPOs by Marlena Haddad

Parabellum Acquisition Corp. announced the pricing of its $125 million IPO and its units are expected to begin trading on the NYSE under the symbol “PRBM.U” Tuesday, September 28.

The Company intends to focus on businesses with an enterprise value of $300 million to $1 billion that have unique propitiatory technologies and business models and are actively engaged in the Internet of Things (“IoT”) transformation in a variety of segments such as consumer, industrial, automotive, medical and others. Parabellum is led by Executive Chairman, CEO, President, and Secretary Narbeh Derhacobian, along with CFO and Treasurer Ron Shelton.

Total SPAC deal count for 2021 year-to-date is now 443. This offering is expected to close on Thursday, September 30.

B. Riley Securities is the sole book running manager for the offering.  DLA Piper LLP is serving as Issuer’s Counsel with Reed Smith LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.